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Side-by-side financial comparison of BTCS Inc. (BTCS) and Opus Genetics, Inc. (IRD). Click either name above to swap in a different company.

BTCS Inc. is the larger business by last-quarter revenue ($7.1M vs $3.9M, roughly 1.8× Opus Genetics, Inc.). On growth, BTCS Inc. posted the faster year-over-year revenue change (205.5% vs -10.2%). Over the past eight quarters, BTCS Inc.'s revenue compounded faster (296.4% CAGR vs 50.3%).

Opus Genetics, Inc. is a clinical-stage biotechnology company specializing in the development of targeted gene therapies for inherited retinal diseases. It focuses on addressing unmet medical needs for patients living with rare, vision-threatening ocular conditions, with operations centered on advancing accessible therapeutic candidates for global rare disease patient populations.

BTCS vs IRD — Head-to-Head

Bigger by revenue
BTCS
BTCS
1.8× larger
BTCS
$7.1M
$3.9M
IRD
Growing faster (revenue YoY)
BTCS
BTCS
+215.6% gap
BTCS
205.5%
-10.2%
IRD
Faster 2-yr revenue CAGR
BTCS
BTCS
Annualised
BTCS
296.4%
50.3%
IRD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BTCS
BTCS
IRD
IRD
Revenue
$7.1M
$3.9M
Net Profit
Gross Margin
12.4%
Operating Margin
Net Margin
Revenue YoY
205.5%
-10.2%
Net Profit YoY
53.0%
EPS (diluted)
$-1.58

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BTCS
BTCS
IRD
IRD
Q4 25
$7.1M
$3.9M
Q3 25
$4.9M
$3.1M
Q2 25
$2.8M
$2.9M
Q1 25
$1.7M
$4.4M
Q4 24
$2.3M
$4.3M
Q3 24
$739.2K
$3.9M
Q2 24
$561.2K
$1.1M
Q1 24
$451.4K
$1.7M
Net Profit
BTCS
BTCS
IRD
IRD
Q4 25
Q3 25
$65.6M
$-17.5M
Q2 25
$3.9M
$-7.4M
Q1 25
$-17.3M
$-8.2M
Q4 24
Q3 24
$-9.0M
$-7.5M
Q2 24
$-6.7M
$-7.8M
Q1 24
$12.3M
$-7.1M
Gross Margin
BTCS
BTCS
IRD
IRD
Q4 25
12.4%
Q3 25
22.0%
Q2 25
-2.9%
Q1 25
7.1%
Q4 24
2.9%
Q3 24
26.5%
Q2 24
69.9%
Q1 24
64.4%
Operating Margin
BTCS
BTCS
IRD
IRD
Q4 25
Q3 25
-269.9%
Q2 25
-309.0%
Q1 25
-227.2%
Q4 24
Q3 24
-207.1%
Q2 24
-748.9%
Q1 24
-450.5%
Net Margin
BTCS
BTCS
IRD
IRD
Q4 25
Q3 25
1328.1%
-566.9%
Q2 25
140.0%
-257.5%
Q1 25
-1022.5%
-187.5%
Q4 24
Q3 24
-1223.0%
-194.6%
Q2 24
-1198.9%
-698.3%
Q1 24
2715.3%
-415.3%
EPS (diluted)
BTCS
BTCS
IRD
IRD
Q4 25
$-1.58
Q3 25
$1.30
$-0.25
Q2 25
$0.14
$-0.12
Q1 25
$-0.86
$-0.24
Q4 24
$0.28
Q3 24
$-0.56
$-0.29
Q2 24
$-0.43
$-0.30
Q1 24
$0.63
$-0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BTCS
BTCS
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$1.5M
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$139.4M
$15.3M
Total Assets
$214.6M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTCS
BTCS
IRD
IRD
Q4 25
$1.5M
$45.1M
Q3 25
$4.5M
$30.8M
Q2 25
$639.2K
$32.4M
Q1 25
$269.9K
$41.8M
Q4 24
$2.0M
$30.3M
Q3 24
$254.5K
$36.6M
Q2 24
$536.7K
$41.4M
Q1 24
$670.6K
$47.2M
Stockholders' Equity
BTCS
BTCS
IRD
IRD
Q4 25
$139.4M
$15.3M
Q3 25
$225.4M
$6.0M
Q2 25
$31.1M
$17.5M
Q1 25
$20.6M
$5.1M
Q4 24
$34.0M
$6.7M
Q3 24
$25.2M
$34.3M
Q2 24
$33.1M
$40.6M
Q1 24
$39.3M
$46.1M
Total Assets
BTCS
BTCS
IRD
IRD
Q4 25
$214.6M
$50.2M
Q3 25
$298.9M
$36.1M
Q2 25
$40.8M
$38.7M
Q1 25
$21.0M
$48.2M
Q4 24
$38.2M
$36.9M
Q3 24
$26.5M
$40.4M
Q2 24
$33.8M
$44.8M
Q1 24
$39.5M
$51.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BTCS
BTCS
IRD
IRD
Operating Cash FlowLast quarter
$-9.8M
$-35.3M
Free Cash FlowOCF − Capex
$-9.8M
FCF MarginFCF / Revenue
-138.1%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTCS
BTCS
IRD
IRD
Q4 25
$-9.8M
$-35.3M
Q3 25
$-2.8M
$-6.2M
Q2 25
$-1.3M
$-10.3M
Q1 25
$-1.9M
$-9.0M
Q4 24
$-3.5M
$-25.6M
Q3 24
$-695.2K
$-5.1M
Q2 24
$-924.1K
$-7.3M
Q1 24
$-769.0K
$-5.7M
Free Cash Flow
BTCS
BTCS
IRD
IRD
Q4 25
$-9.8M
Q3 25
$-2.8M
Q2 25
$-1.3M
Q1 25
$-1.9M
Q4 24
$-3.5M
Q3 24
Q2 24
Q1 24
FCF Margin
BTCS
BTCS
IRD
IRD
Q4 25
-138.1%
Q3 25
-56.7%
Q2 25
-48.2%
Q1 25
-112.7%
Q4 24
-152.2%
Q3 24
Q2 24
Q1 24
Capex Intensity
BTCS
BTCS
IRD
IRD
Q4 25
0.2%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
Q2 24
Q1 24
Cash Conversion
BTCS
BTCS
IRD
IRD
Q4 25
Q3 25
-0.04×
Q2 25
-0.34×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.06×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BTCS
BTCS

Builder Plus$5.9M83%
Other$1.2M17%

IRD
IRD

Segment breakdown not available.

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